Education of a Speculator

Thursday, June 7, 2012

New trade: V

Visa looks quite a bit like discover. But looks like it is more of the primary mover.

V rallied and then sold off. I had an order to short yesterday, that didn't get filled. Any way I took it out at 117.02 on 100 today as it began to fade. I have a stop at 121. This looks like a toppy pattern and if it is this could be at least a 10 point move, within the next few weeks.

DAY 2:
I was perhaps a day early, but my stop held. This is starting to look nice as V was faded after a strong initial move:

This blog is for me. I'm not giving investment advice. I don't care what you do. If you take a position because I do and you have not formed your own thesis you are an idiot and you deserve to lose your money.